California McDonald's Owner Considers Cutting Hours and Hiking Prices to Absorb Minimum Wage Increase

• California McDonald's franchisee considers reducing hours and raising prices due to $20 minimum wage • Franchisee has already raised prices 5-7%, but is concerned about losing customers to fast casual restaurants • Plans to delay renovations and other capital expenditures to cut costs • May reduce operating hours to mitigate higher labor costs • Laments that minimum wage hike only applies to limited service chains like McDonald's rather than all businesses